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U.S. economy returned to growth last quarter, expanding 2.6%

Associated Press

10/27/2022

Economy-GDP — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates. Thursday’s estimate from the Commerce Department showed that the nation’s gross domestic product — the broadest gauge of economic output — grew in the third quarter after having shrunk in the first half of 2022. / NAM Y. HUH / ASSOCIATED PRESS

WASHINGTON (AP) – The U.S. economy grew at a better-than-expected 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates. Thursday's estimate from the Commerce Department showed that the nation's gross domestic product — the broadest gauge of economic output — grew in…

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